This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

2nd US Military And Renewable Energy Industry Forum To Focus On Overcoming DoD Procurement Process Hurdles For Renewable Energy Industry

American Council On Renewable Energy (ACORE) and Advanced Energy Economy (AEE) Forum Series Convenes DoD and Industry to Streamline Military Deployment of Renewable Energy Systems

WASHINGTON, May 9, 2012 /PRNewswire-USNewswire/ -- Top military officials and renewable energy businesses and organizations met today at the second forum in the multi-part series hosted by the American Council On Renewable Energy (ACORE) and Advanced Energy Economy (AEE), in order to clarify the Department of Defense's (DoD) renewable energy priorities, and overcome roadblocks to achieving the military's goals.

The forum series, being held throughout 2012 in collaboration with the DoD seeks to increase U.S. military effectiveness through the integration and deployment of renewable energy solutions on base and in the battlefield. The Department of Defense is the biggest single energy user in the U.S. and is expected to spend $150 billion on fuel and electricity over the next decade. In order to increase the energy security of its installations, DoD has embarked on an ambitious program of expanded renewable energy generation on base, coupled with focused development in enabling technologies such as microgrids. 

The second forum today focused on outlining the specific technology and project priorities of each of the military services and the opportunities for integrated systems for renewables and on-site energy management; illuminating the procurement processes intended to reduce the cost of base and operational energy projects and facilitate renewable energy deployment; and leveraging private sector finance to allow the DoD to use both proven and innovative finance models to reach beyond its budgetary boundaries.

"America's continued over-reliance on fossil fuel to meet our growing energy needs is a serious and urgent threat to our national and economic security. The DoD and military services know this and are working very hard to reduce this threat with energy efficiency and by diversifying energy supplies," said Vice Admiral (Ret.) Dennis McGinn, President of ACORE. "These important forums bring together private sector leaders in renewable energy with key DoD officials to define the most effective ways to reach DoD's mission goals and to create a more secure America with clean, sustainable energy."

"The DoD's commitment to renewable energy represents an important business opportunity for the advanced energy industry to support the cause of national defense," said Graham Richard, CEO of AEE and former mayor of Fort Wayne, Indiana. "As in any large-scale transformation, finding new ways to meet the military's energy needs requires collaboration between purchasing agencies and its suppliers, with focus on the details. By convening leaders from DoD and the advanced energy industry, these forums can help promote collaboration and streamline the procurement process to serve the military better."

"In October of 2009 the Secretary of the Navy Ray Mabus outlined five energy goals for the Department of the Navy which seek to enhance our combat capabilities, increase our mission effectiveness, and reduce our vulnerabilities to foreign sources of fossil fuel," said Tom Hicks, Deputy Assistant Secretary of the Navy for Energy.  "As we explore alternative and renewable energy technology, we have projects such as the 1 Gigawatt (GW) Initiative and the Experimental Forward Operating Base (ExFOB) process with our Marines to help achieve our energy goals." 

"The Army recognizes the strategic role that renewable and other advanced energy technologies can play to meet operations, transportation and installation requirements," said John Lushetsky, Executive Director, U.S. Army's Energy Initiatives Task Force. "It is a top priority to make sure we are leveraging all the private sector has to offer with both product and business solutions that can cost effectively meet Army needs, now and in the future."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs